Insider Selling: Snowflake (NYSE:SNOW) Director Sells $1,380,627.16 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 7,874 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $175.34, for a total transaction of $1,380,627.16. Following the completion of the transaction, the director directly owned 38,046 shares of the company’s stock, valued at approximately $6,670,985.64. This represents a 17.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Frank Slootman also recently made the following trade(s):

• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The stock was sold at an average price of $175.93, for a total transaction of $15,605,166.93.
• On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The stock was sold at an average price of $175.25, for a total transaction of $1,980,149.75.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total value of $372,542.48.
• On Wednesday, February 18th, Frank Slootman sold 100,000 shares of Snowflake stock. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00.
• On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00.
• On Thursday, December 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $168.07 on Friday. The company has a market cap of $57.51 billion, a P/E ratio of -42.55 and a beta of 1.16. The business has a fifty day simple moving average of $184.29 and a 200-day simple moving average of $219.47. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. Equities research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake previewed Project SnowWork, an autonomous AI platform (research preview) designed to move customers from insights to automated workflows — a product expansion that could drive higher usage and upsell opportunities if adoption follows. Read article Snowflake Launches Project SnowWork
• Positive Sentiment: Snowflake Ventures made a strategic investment in Bedrock Data to strengthen AI data governance and integrate its capabilities into Snowflake Horizon — this supports enterprise AI credibility and could reduce friction for customers adopting Snowflake’s AI offerings. Read article Bedrock Data Secures Strategic Investment
• Neutral Sentiment: Analyst/features pieces continue to compare Snowflake favorably vs. peers (Alphabet) on AI adoption and customer growth — helpful for narrative and positioning, but not an immediate revenue guarantee. Read article Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Snowflake announced targeted job cuts (including technical-writing roles) even after its ~$200M OpenAI partnership — the layoffs raise near-term execution and morale concerns and highlight cost tradeoffs while ramping AI investments. Read article Snowflake Cuts Jobs After $200M OpenAI Partnership
• Negative Sentiment: Oppenheimer flagged that contribution margins from Cortex Code and AI workloads are lower than Snowflake’s core analytics workloads — implying AI revenue may be less profitable and could pressure overall margin expansion expectations. Read article Cortex Code and AI Workloads Contribution Margins
• Negative Sentiment: Multiple law firms are circulating class-action notices and soliciting lead plaintiffs in a securities suit (April 27 deadline), creating a legal overhang that can weigh on sentiment and increase potential litigation costs. Read article Rosen Law Firm Investor Notice
• Negative Sentiment: Recent insider sales (EVP Christian Kleinerman and Director Frank Slootman) were disclosed — large but not unusual — however such sales can add short-term selling pressure and feed negative sentiment. Read article Insider Sales Disclosure

Analyst Ratings Changes

A number of brokerages have weighed in on SNOW. Robert W. Baird lifted their price target on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Jefferies Financial Group set a $300.00 target price on Snowflake in a research report on Monday, November 24th. Wedbush reiterated an “outperform” rating and issued a $270.00 target price on shares of Snowflake in a report on Thursday, December 4th. Evercore boosted their price target on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, UBS Group cut their price objective on Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Snowflake during the 4th quarter worth approximately $974,091,000. Winslow Capital Management LLC purchased a new position in shares of Snowflake during the 2nd quarter valued at approximately $725,667,000. Jennison Associates LLC boosted its stake in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Coatue Management LLC acquired a new stake in shares of Snowflake during the third quarter worth approximately $441,277,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Snowflake in the fourth quarter worth $345,619,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.